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Risd Holdings Inc

Organization summary

Type of Nonprofit

Designated as a Title holding corporations or trusts with multiple parent corporations, which hold titles and pay over income from property to 35 or fewer parents or beneficiaries.

Category: Community Improvement, Capacity Building / Real Estate Organizations (NTEE)

Donations to this organization are not tax deductible.

Details

According to its June 2023 tax filing, this nonprofit:

Provided first-class or charter travel
Organization provided first-class or charter travel to key employees or officers. Details are reported on Schedule J.

Summary charts: organization finances over time

Revenue
$2.82M (2023)

Expenses
$1.16M (2023)

Total Assets
$9.19M (2023)

Total Liabilities
$7.82M (2023)

Source: Form 990 tax filings from 2011 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending June
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,819,212
Expenses
$1,159,893
Net Income
$1,659,319
Net Assets
$1,372,011
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $2,047,141
72.6%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $772,071
27.4%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $9,187,753
Total Liabilities $7,815,742
Net Assets $1,372,011
Other
Provided first-class or charter travel
Compensation
Key Employees and Officers Compensation Related Other
David Proulx (Treasurer/Secretary (Until 7/22)) $0 $217,426 $4,996
Karen Hammond (Director) $0 $0 $0
Philip E Tobey (Director) $0 $0 $0
Crystal Williams (President) $0 $412,115 $25,329

Document Links

Fiscal Year Ending June
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,193,029
Expenses
$1,166,275
Net Income
$26,754
Net Assets
-$287,308
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $1,193,029
100%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $7,102,518
Total Liabilities $7,389,826
Net Assets -$287,308
Other
Provided first-class or charter travel
Compensation
Key Employees and Officers Compensation Related Other
David Proulx (Treasurer/Secretary) $0 $354,855 $56,796
Karen Hammond (Director) $0 $0 $0
Philip E Tobey (Director) $0 $0 $0
Crystal Williams (President (As Of 4/1/22)) $0 $50,000 $0

Document Links

Fiscal Year Ending June
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$742,515
Expenses
$1,227,571
Net Income
-$485,056
Net Assets
-$314,062
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $742,515
100%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $6,695,294
Total Liabilities $7,009,356
Net Assets -$314,062
Compensation
Key Employees and Officers Compensation Related Other
Rosanne Somerson (President/Chair) $0 $517,966 $83,649
David Proulx (Treasurer/Secretary) $0 $306,318 $38,009
Richard W Haining (Director) $0 $0 $0
Karen Hammond (Director) $0 $0 $0
Philip E Tobey (Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,104,725
Expenses
$1,158,766
Net Income
-$54,041
Net Assets
$170,994
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $1,104,725
100%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $93,612
8.1%
Assets/Debt
Total Assets $6,739,255
Total Liabilities $6,568,261
Net Assets $170,994
Compensation
Key Employees and Officers Compensation Related Other
Rosanne Somerson (President/Chair) $0 $562,804 $86,859
David Proulx (Treasurer/Secretary) $0 $361,781 $39,498
Richard W Haining (Director) $0 $0 $0
Karen Hammond (Director) $0 $0 $0
Philip E Tobey (Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,199,219
Expenses
$1,091,998
Net Income
$107,221
Net Assets
$225,035
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $1,199,219
100%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $68,244
6.2%
Assets/Debt
Total Assets $6,373,930
Total Liabilities $6,148,895
Net Assets $225,035
Compensation
Key Employees and Officers Compensation Related Other
Rosanne Somerson (President/Chair) $0 $552,416 $85,948
David Proulx (Treasurer/Secretary) $0 $264,293 $26,959
Richard W Haining (Director) $0 $0 $0
Karen Hammond (Director) $0 $0 $0
Philip E Tobey (Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$383,439
Expenses
$260,004
Net Income
$123,435
Net Assets
-$234,118
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $383,439
100%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $6,203,693
Total Liabilities $6,437,811
Net Assets -$234,118
Compensation
Key Employees and Officers Compensation Related Other
Rosanne Somerson (President/Chair) $0 $562,739 $78,428
Samuel B Solomon (Treas, Secretary (Until 7/17)) $0 $150,776 $27,962
Richard W Haining (Director) $0 $0 $0
Karen Hammond (Director) $0 $0 $0
Philip E Tobey (Director) $0 $0 $0
David Proulx (Treas, Secretary (As Of 4/18)) $0 $0 $0

Document Links

Fiscal Year Ending June
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$386,396
Expenses
$260,004
Net Income
$126,392
Net Assets
-$784,664
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $386,396
100%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $5,186,946
Total Liabilities $5,971,610
Net Assets -$784,664
Compensation
Key Employees and Officers Compensation Related Other
Rosanne Somerson (President/Chair) $0 $485,800 $69,008
Samuel B Solomon (Treasurer, Secretary) $0 $249,733 $50,959
Richard W Haining (Director) $0 $0 $0
Karen Hammond (Director) $0 $0 $0
Philip E Tobey (Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
-$55,017
Expenses
$260,004
Net Income
-$315,021
Net Assets
-$911,056
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income -$55,017
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $5,061,554
Total Liabilities $5,972,610
Net Assets -$911,056
Compensation
Key Employees and Officers Compensation Related Other
Rosanne Somerson (Int Pres(until 2/15)/President) $0 $509,524 $67,111
Samuel B Solomon (Treas., Sec.) $0 $238,869 $49,788
Richard W Haining (Director (As Of 2/25/16)) $0 $0 $0
Karen Hammond (Director (As Of 2/25/16)) $0 $0 $0
Philip E Tobey (Director (As Of 2/25/16)) $0 $0 $0

Document Links

Fiscal Year Ending June
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$161,442
Expenses
$260,004
Net Income
-$98,562
Net Assets
-$1,192,793
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $161,442
100%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $4,786,086
Total Liabilities $5,978,879
Net Assets -$1,192,793
Compensation
Key Employees and Officers Compensation Related Other
Rosanne Somerson (Int Pres(until 2/15)/President) $0 $493,078 $66,955
Samuel B Solomon (Treas., Sec. (As Of 3/24/14)) $0 $183,267 $35,760
Michael Allen (Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$240,980
Expenses
$260,004
Net Income
-$19,024
Net Assets
-$1,092,897
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $240,980
100%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $4,877,001
Total Liabilities $5,969,898
Net Assets -$1,092,897
Compensation
Key Employees and Officers Compensation Related Other
Rosanne Somerson (Int. President (As Of 1/1/14)) $0 $281,071 $51,171
Samuel B Solomon (Treas., Sec. (As Of 3/24/14)) $0 $0 $0
Michael Allen (Director) $0 $0 $0
John Maeda (President (Until 1/1/14)) $0 $469,808 $79,085
William Decatur (Treasurer, Sec.(Until 9/30/13)) $0 $197,509 $32,805

Document Links

Fiscal Year Ending June
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$338,153
Expenses
$260,004
Net Income
$78,149
Net Assets
-$1,073,873
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $338,153
100%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $4,888,517
Total Liabilities $5,962,390
Net Assets -$1,073,873

Document Links

Fiscal Year Ending June
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$405,684
Expenses
$260,004
Net Income
$145,680
Net Assets
-$1,152,022
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $163,459
40.3%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $242,225
59.7%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $4,866,256
Total Liabilities $6,018,278
Net Assets -$1,152,022

Document Links

Fiscal Year Ending June
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
-$59,789
Expenses
$260,004
Net Income
-$319,793
Net Assets
-$334,953
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income -$59,789
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $5,677,473
Total Liabilities $6,012,426
Net Assets -$334,953

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

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Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

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